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Testing the capital structure of Portuguese family businesses

Pestana,Luciana J.; Gomes,Luís Pereira; Lopes,Cristina

ABSTRACT The main objective of this study is to empirically test capital structure decisions in Portuguese family-owned businesses under trade-off theory (TOT) and pecking order theory (POT) and attend to the relationships between family/business interaction and agency conflicts. Family-owned businesses are essential for the development of economies, but the financing logic they adopt is not yet adequately clar...

Date: 2021   |   Origin: Oasisbr
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